Skip to content
Dubai Wealth Index
Search
Search buildings, areas and projects by name.

Palace Tower T2

A studio in Palace Tower T2 costs a median AED 407,000 and rents long-let for AED 40,000/yr (9.58% gross) — +0.5 pts vs Dubai Silicon Oasis's 9.09% and +2.6 pts vs Dubai's 6.98% — from 59 sales and 206 rental contracts registered in the last 24 months through 26 Aug 2026.

Registered data
Sales · Studio
27 in 12 months
Rental contracts · Studio
107 in 12 months
Buy
407,000AED
AED 969/sqft
Long-let
40,000AED
AED 93/sqft · 9.58%

Price per sqft: Median of 7 registered sales of ready units in the last 3 months, most recent August 2026.

Priced off 7 sales in the last 3 months.

Yield spread
+0.5 pts
vs the Dubai Silicon Oasis median for this unit type
Turnover upside
+16.6%
new tenants pay more than sitting ones — 141 renewals
AED/yr/sqft
AED 93
Sales
59
Rental contracts
206
Renewal rent
AED 34,303/yr
12 months
+7.9%
3 years
+36.7%+11.0%/yr

Based on 59 sales and 206 rental contracts in the last 24 months. Rental data covers the whole Palace Tower project, not this tower alone.

Palace Tower T2 is an apartment building in Dubai Silicon Oasis, Dubai, one of the towers in the Palace Tower development. The nearest landmark IMG World Adventures. Land Department records for it run from 2015 to 2026, 718 registered sales in all — the 59 in the last 24 months are what every median above is computed from.

Rents by bedroom type

TypeMedian rentAED/yr/sqftYieldContracts
StudioAED 40,000939.58%
+0.5 pts
206
1 bedAED 55,000679.24%
+0.9 pts
53
2 bedAED 75,000768.72%
+1.6 pts
36

Deltas compare each yield with the Dubai Silicon Oasis median for the same unit type. How these yields are computed

How these yields are computed
Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

42 resales in the last 12 months, against 51 a year on average over 2023–2025.

Sales

DateTypeSqftPriceAED/sqft
21 Aug 20262 bed990AED 860,000869
20 Aug 2026Studio344AED 390,0001,135
22 Jul 2026Studio459AED 445,000969
20 Jul 2026Studio472AED 320,000678
14 Jul 2026Studio431AED 400,000927
9 Jul 2026Studio431AED 460,0001,067
3 Jul 2026Studio470AED 470,000999
29 Jun 20261 bed826AED 555,000672
8 Jun 2026Studio482AED 417,685867

9 resales in the last 3 months.

Rental contracts

The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors
27
Flats
1

Nearby

Landmark
IMG World Adventures

Compare with nearby buildings

The most-traded buildings in Dubai Silicon Oasis, on the same figures over the same window.

Common questions

What is the rental yield in Palace Tower T2?
Palace Tower T2 returns 9.58% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 206 rental contracts registered in the last 24 months.
How much does a studio in Palace Tower T2 cost?
The median registered sale price is AED 407,000 (935 AED/sqft), from 59 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Palace Tower T2 selling for right now?
Registered sales of ready units in Palace Tower T2 over the last 3 months have a median of 969 AED/sqft, across 7 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Palace Tower T2 risen or fallen?
Median price per square foot moved +6.7% over the last 12 months against the 12 before it, on 59 registered sales. On a sample this size, read the direction rather than the exact figure.
How does Palace Tower T2 compare with Dubai Silicon Oasis?
Its 9.58% gross yield sits +0.5 pts against the Dubai Silicon Oasis median of 9.09%, computed at the same bedroom grain over the same 24-month window.

Source: Dubai Land Department open data — sale transactions and Ejari rental contracts. Data as of 2026-08-26.

Gross yield divides median annual rent from new contracts by the median resale price for the same bedroom type over the last 24 months. Off-plan sales are included in price and trend figures but excluded from the yield denominator.

Palace Tower T2 rental record

Record type
Building-level property market record
Data date
Evidence base
206 registered rental contracts in the trailing 24 months for the default unit type
Sources
Dubai Land Department sale transactions and Ejari rental contracts
Canonical record
/rent/apartments/dubai/dubai-silicon-oasis/palace-tower-t2
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “Palace Tower T2 rents and yield.” Dubai Silicon Oasis, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/rent/apartments/dubai/dubai-silicon-oasis/palace-tower-t2.

Stable dataJSON

Where this data stops

Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.